josh fineman joins us now with more analysis on the labor market and what it will mean for the fed. he is chief economist at deutsche asset and wealth management. good to see you again, josh. >> good to be here, sue. >> the market seemed to like the report certainly. did you find any fault with it at all? >> not really. i think it's a pretty solid report. suggests good momentum in the economy and the labor market. and the healing in the labor market conditions has been going on for a number of years. seems to be continuing. good broad-based hiring and good momentum. >> there also seemed to be a little wage growth which i'm sure the fed is watching very carefully because they're looking for a little inflation to creep in here. >> absolutely. yes. we're starting to see some early signs of that. it's still pretty tentative. still small. but the arrow seems to be pointing in the right direction. you're absolutely right. that's certainly what the fed is looking for because we're going to need to see wages pick up to a somewhat higher rate of growth and sustain that to get inflation back u